Countries Where Central Banks Have Issued Digital Currencies

After the Chinese digital Yuan prototype garnered attention, the number of countries where central banks have issued digital currencies has increased.

While the value of Bitcoins and NFTs may have dropped over the previous year, another cryptocurrency approach is becoming more and more well-liked globally and presenting a whole different side of the blockchain.

The concept of decentralized, untraceable bitcoins is completely at odds with central bank digital currencies, which are controlled by governments just like traditional currencies are, as Statista's Katharina Buchholz explains below. A number of small countries, including Nigeria as of October 2021, have introduced central bank digital currencies, while other more populous nations are about to ride another cryptocurrency hype train.

According to the Atlantic Council's Central Bank Digital Currency Tracker, Caribbean countries like the Bahamas, Grenada, Dominica, and Saint Lucia implemented CBDCs even earlier t...